was established in 1997 as the studio and vanity label of the experimental noise entity Praying Gods
and its various side/sub-projects.
In those early days of dial-up internet and limited MP3-awareness, Bankruptcy's first "releases" were large, unwieldy WAV files free to download from its original GeoCities website. This approach, however, quickly proved impractical and Bankruptcy eventually moved on to more traditional cassette and compact disc release formats.
Nevertheless, Bankruptcy has always endeavoured to remain true to its online roots. After various short-lived presences on various short-lived internet audio sites (MP3.com, IUMA, etc.), Bankruptcy began adding single tracks to the Archive.org
audio community in 2005 - and now Bankruptcy is once again releasing full-length albums via this new Netlabel
, which you are presumably at right now.